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Supply chain management is a cross-functional approach that includes managing the movement of raw materials into an organization, certain aspects of the internal processing of materials into finished goods, and the movement of finished goods out of the organization and toward the end consumer.
Supply chain is the network of activities, resources, and entities that transform raw materials into final products and deliver them to customers. Learn how supply chain management integrates different functions and processes across organizations, and how information system supports its coordination and optimization.
In commerce, global supply-chain management is defined as the distribution of goods and services throughout a trans-national companies' global network to maximize profit and minimize waste. [ 1] Essentially, global supply chain -management is the same as supply-chain management, but it focuses on companies and organizations that are trans-national.
Supply-chain sustainability is the management of environmental, social and economic impacts and the encouragement of good governance practices, throughout the lifecycles of goods and services. [1] There is a growing need for integrating sustainable choices into supply-chain management. An increasing concern for sustainability is transforming ...
Supply chain engineering is the engineering discipline that concerns the planning, design, and operation of supply chains. [ 1][ 2] Some of its main areas include logistics, production, and pricing. [ 2][ 3] It involves various areas in mathematical modelling such as operations research, machine learning, and optimization, which are usually ...
The Association for Supply Chain Management ( ASCM) is a not-for-profit international educational organization offering certification programs, training tools, and networking opportunities to increase workplace performance. Formed in 1957, it was originally known as the "American Production and Inventory Control Society" or APICS.
Institute for Supply Management (ISM) is the oldest, and the largest, supply management association in the world. [1] Founded in 1915, the U.S.-based not-for-profit educational association serves professionals and organizations with a keen interest in supply management, providing them education, training, qualifications, publications, information, and research.
Supply chain resilience is defined as "the capacity of a supply chain to persist, adapt, or transform in the face of change" Some theorists believe that technological updating to modernize management methods -to include digitalization, artificial intelligence, big data and robotics- along the entire path of supply chains will considerably ...
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